IMF urges Trinidad and Tobago to lift currency restrictions, but the country plans to maintain controls.

The IMF has urged Trinidad and Tobago to lift foreign exchange restrictions, saying they violate the Fund's Articles of Agreement. Finance Minister Colm Imbert responded that the country will not float its currency due to concerns about inflation and its impact on vulnerable citizens. The government plans to meet with stakeholders to discuss a new forex distribution system, despite the IMF's recommendations.

November 10, 2024
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